/biz/ - Business & Finance

I hope ALL of you are sticking to a good trading plan and not acting on impulse today!

>>54471139
>The only way to beat SPY buy and hold is with added leverage using margin or naked puts.
True and for most anons this is way more advisable than any complicated options strategy.
Now there is a pill here that I have shilled and will continue to shill.

Considering the way indexes and options operate, it is possible to profit from them by utilizing their tracking with SPY, IWM, and QQQ. If you cannot afford a naked put, you can still generate revenue by selling a credit spread. Moreover, you can make use of a PMCC on SPX or a Back Ratio Spread if you have some funds, and collect the premium in a directionless or directional way. Essentially, trading individual tickers might not be necessary when you have access to index liquidity and various methods to trade them, even on a budget.
So if you don't feel like waiting but still want to make something it can work but obviously one would need rules of engagement with the indexes for optimal results.

>>54386859
Sell index options
Theta is your fren

>>54326724
>Is that you SPX roboanon?
Yup, just forgot what the old trip code was otherwise I'd post it.
> How did you manage during the dump last year? I recall you hedging with VIX leaps or something like that.
In short I got molested and had to roll the credit spreads out. That said the VIX LEAPS did help somewhat so it could have been worse.

As of the moment however I'm no longer spamming credit spreads but selling put butterflies on the VIX, and doing Short Put Condors since I can't tell which direction the market will go. All I do know is SPX will move, just not sure where tooooo be honest.